RobertSoos
Long

USDCAD - waiting for candlestick formation

FX:USDCAD   U.S. Dollar / Canadian Dollar
Caddy approaching serious technical support zone (1,33-1,34)

-200 dma + trendline

Need to watch for crude oil             price as USDCAD             and WTI intraday correlation is very strong.

Also waiting for bullish reversal candlestick formation, not opening position without seeing that.

Fundamentally both US and Canadian GDP figures outperformed, inflation momentum is picking up also, giving less room/opportunity for FED and BoC             for being loose on monetary policy .

Being patient and observing this opportunity.

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